Willis Lease Finance (WLFC) Form 144 Discloses Insider Sale and Recent Transactions
Rhea-AI Filing Summary
Willis Lease Finance Corp (WLFC) Form 144 discloses a proposed sale of 7,900 common shares through Merrill Lynch with an aggregate market value of $1,145,895, against 6,809,636 shares outstanding, with an approximate sale date of 09/02/2025. The filing lists prior acquisitions of common stock issued as compensation on 04/01/2024 (3,400), 03/01/2016 (170), 03/03/2003 (1,630), 01/15/2008 (1,800), and 10/01/2007 (900). It also reports three sales in the past three months by Austin Willis: 3,318 shares on 08/01/2025 for $447,609, 3,450 shares on 07/01/2025 for $482,862, and 3,450 shares on 06/02/2025 for $453,036. The notice includes the required representation about absence of undisclosed material information.
Positive
- Key transactional details disclosed: class, broker, share count, aggregate value, and approximate sale date are provided
- Recent three-month sales reported with proceeds, supporting transparency about insider dispositions
- Acquisition history listed showing the shares were largely received as compensation over multiple years
Negative
- Limited issuer identification in form text: issuer name and some filer contact fields are blank or not populated in the provided content
- Possible quantity inconsistency: listed acquisitions total 7,800 shares while the proposed sale is 7,900 shares (both figures appear in the filing content)
Insights
TL;DR: Routine Rule 144 notice disclosing intended sale via broker and recent insider sales; appears procedurally complete.
The Form 144 provides the standard elements required for a proposed sale under Rule 144: class of securities, broker details, number of shares to be sold, aggregate market value, shares outstanding, acquisition history, and recent sales by the reporting person. The filing names Merrill Lynch as broker and discloses multiple prior acquisitions labeled as compensation. The recent three-month sale history is documented with dates and gross proceeds, supporting aggregation requirements. The notice contains the required attestation concerning material non-public information.
TL;DR: The disclosed sale size is small relative to total outstanding shares and reflects insider liquidity events rather than corporate actions.
Measured against the issuer's reported outstanding shares (6,809,636), the proposed 7,900-share sale represents a de minimis portion of the float. The filing documents multiple prior compensatory acquisitions spanning 2003–2024, indicating the shares being sold were largely received as compensation over time. The recent sales in June–August 2025 show ongoing disposition activity by the named seller with disclosed gross proceeds. No forward-looking guidance, earnings data, or corporate transactions are included in the notice.